FDEF Profile
First Defiance Financial Corp (FDEF) is a financial holding company that operates through its subsidiary, First Federal Bank of the Midwest. The bank provides a range of financial services, including commercial and consumer banking, mortgage banking, trust and wealth management, and insurance services to individuals and businesses in Ohio, Michigan, Indiana, Pennsylvania, and West Virginia.
First Defiance Financial Corp was founded in 1920 and is headquartered in Defiance, Ohio. The company operates more than 40 banking centers in Ohio, Michigan, and Indiana, and has assets of approximately $4 billion. The bank is focused on serving its local communities and building lasting relationships with its customers.
In recent years, First Defiance Financial Corp has been expanding its presence through acquisitions. In 2018, the company completed its acquisition of United Community Financial Corp, which added 33 branches to its network. The acquisition expanded the bank's presence in Ohio and gave it entry into the western Pennsylvania market.
Overall, First Defiance Financial Corp has a strong track record of growth and profitability. The bank has been consistently profitable for more than two decades, and its earnings have grown at an average rate of 6% per year over the past five years. The company has a strong capital position and is well-positioned to continue growing through acquisitions and organic growth in its core markets.
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